Terra, which devastated the cryptocurrency markets last year, is once again making headlines. The team has openly warned the community. Terra, which is frequently in the news with bad news, has not broken the streak. The official website, which fell into the hands of attackers, urged caution against phishing attacks yesterday.
Terra (LUNA) News
Terra’s official website has been compromised. Members of the Terra community who accessed the website encountered redirects by attackers. Those who connected their wallets to the website with full authorization fell into the trap. Terra stated the following in a post on Sunday:
“To avoid possible phishing scams, please continue to avoid interacting with sites that have the terra(dot)money domain until another update is released that confirms full access.”
In this case, a phishing attack allows hackers to add malicious code to users’ wallets. When a user connects a wallet to a compromised webpage, the hacker will sign a digital signature that grants access to the assets in that wallet.
Crypto Wallet Hack Cases
It is not yet known how much loss users have suffered by connecting their wallets to the website. However, wallet hacks usually render the affected wallet unusable. Cryptocurrencies sent to wallets authorized by attackers are automatically transferred to the hackers’ addresses. If you have been affected by such an attack, a programmer specializing in solidity can help you by creating a mevbot that can transfer the assets in your wallet to secure addresses before the attacker.
Mevbots prioritize their transactions by bribing validators, while hacker contracts that rely on the normal confirmation time often cannot surpass this. The cost of such a recovery service for cryptocurrency investors can often reach thousands of dollars. Therefore, it is important to carefully verify the permissions requested by the websites where you connect your crypto wallets and the reliability of the addresses. Carelessly granted permissions have resulted in millions of dollars in losses so far.
There is no detailed information about how Terra’s website fell into the hands of attackers. Domain addresses are often compromised through social engineering methods. Considering that top-level Terra members have been involved in legal proceedings, there is a possibility that someone from within has carried out this attack.
